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boatus.org (501c3 Charitable Organization) Boat Owners Association of The United States , better known as BoatUS , is an American association of boat owners with more than 800,000 dues-paying members [ 2 ] offering various services supporting TowBoatUS on water recreational boat towing [ 3 ] as well as roadside boat trailer towing [ 4 ] activities.
Overdue insurance: This is a form of insurance now largely obsolete due to advances in communications. It was an early form of reinsurance and was bought by an insurer when a ship was late at arriving at her destination port and there was a risk that she might have been lost (but, equally, might simply have been delayed).
Boat prices vary depending on the model, make, size, features and condition. For instance, an 18- to 25-foot used pontoon can cost between $8,000 and $12,000 .
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
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